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    Retail Building on Belt Highway Title is generated by Realmo AI

    501 N Belt Highway, St Joseph, MO 64506

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    Claim this Listing
    For Sale
    $2,200,000

    SINGLE_FAMILY - St Joseph, MO

    Type:Retail
    Lot size:
    1.07 Acres
    Added:
    Nov 20, 2025
    Days on Market:
    171
    Last Refresh:
    May 10 at 5:06 pm

    Property Features for 501 N Belt Highway

    General Information

    Property type
    Residential
    Property subtype
    Retail
    Zoning
    C-3
    Parking features
    Parking Lot
    Interior features
    Public Restroom
    Standard status
    Active
    APN
    06-1.0-11-002-000-020.000
    Lot size
    1.07 Acres

    Taxes and HOA fees

    Tax Description
    11-57-35NW SUB: LOT: BLK: LGL DESC:BEG ON E R/W LINE OF BELT HWY 200' NELY OF N/LINE OF FARAON ST TH E 200' N 234.70' W 200' S ALG HWY 234.70' TO POB
    Tax Annual Amount
    16523

    Building Details

    Year built
    2011
    Floors in Building
    1

    We can help!

    Listing Contact
    Adam Stein
    Adam Stein

    Listing agent Adam Stein License #BR00233131

    Listing office BHHS Stein & Summers 801 Felix Street, St Joseph, MO

    Listing date Nov 20, 2025

    MLS# 2588616

    Copyright © 2026 Heartland Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Exceptional Belt Highway frontage on St. Joseph's premier commercial corridor.
    • Long‑term stability with Subway as the current tenant.
    • Significant future development upside with 1.07 acres.
    • Potential to parcel off a portion of the lot to create another retail building pad and generate additional revenue.
    • Zoned C‑3 and surrounded by strong national retailers.
    • Freestanding 2,502 SF retail building built in 2011.

    Overview

    This freestanding retail building offers an investment opportunity on St. Joseph's premier commercial corridor. The property features 2,502 square feet of space and exceptional frontage on Belt Highway. Currently, Subway is the tenant, providing long-term stability. The property is situated on approximately 1.07 acres, offering both income security and future development potential. The existing Subway lease requires only 16 parking spaces, leaving a substantial portion of the lot available. This excess land could be parceled off to create another retail building pad, generating additional revenue. Zoned C-3 and surrounded by strong national retailers, this site offers a combination of dependable cash flow and long-term value creation.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Subway Take-out & Catering Pure vape Saintjoseph (Bike/Boat/Book/etc) Store St Joe Nutrition Physician

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    St Joseph
    County
    Buchanan
    State
    Missouri
    Longitude
    -94.803007
    Latitude
    39.770624

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    FAQs

    What type of property is this?
    Retail space - Freestanding retail building with highway frontage and development potential.
    Where is this retail space located?
    The property is located at 501 N Belt Highway St Joseph, MO.
    What is the asking price?
    The asking price for this property is $2,200,000.
    What are key features of this property?
    This property features: Exceptional Belt Highway frontage on St. Joseph's premier commercial corridor.; Long‑term stability with Subway as the current tenant.; Significant future development upside with 1.07 acres.
    (816) 232-2000
    We can help!
    Listing Contact
    Adam Stein
    Adam Stein
    Real Estate License ID: BR00233131
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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